a16z Announces Additional $55 Million Investment in LayerZero

a16z General Partner Ali Yahya announced: "The company has invested an additional $55 million to purchase $ZRO tokens of the cross-chain messaging protocol LayerZero, with a 3-year lock-up period."

a16z had previously invested in LayerZero, including an initial investment in March 2022, and a subsequent investment during LayerZero's Series B funding round in April 2023. The two companies did not disclose the valuation of that funding round.